From the Source

A founder of the recently launched enterprise to apply for membership to the Libra Association is excited by the strong local support that is ‘springing up’ about Libra’s innovation. “We thought there would be some interest but were not expecting so many partners to sign up immediately. Their level of expertise of what Libra can […]

Australian specialist real estate financier MaxCap Group is setting up operations in New Zealand in a joint venture with Bayley Corporation and investment advisory firm Forsyth Barr. The company which has offices throughout Australia, has opened an office in Auckland with Bayley’s and Forsyth Barr between them owning 50 per cent of MaxCap NZ. “Our […]

Specialist retirement lender Household Capital has launched a new drawdown loan facility to provide Australian retirees with access to a regular income stream and a lump sum payment using the equity in their home. Unlike other schemes, including Centrelink’s Pension Loan Scheme (PLS) which provide regular income but no provision for lump sum payments, Australian […]

AMP Australian Wealth Management CEO Alex Wade discusses how the wealth management industry needs to step up to help Australians fund the future they deserve. If AMP doesn’t step up and lead with a solution for Australians to get the advice they need to protect and grow their wealth, who will? With a relatively small […]

Pengana Capital Group Limited (ASX: PCG) has announced the appointment of Bruno Santos to its Distribution and Marketing team as Regional Business Development Manager. This role will be responsible for managing relationships with Queensland and Northern Territory advisers. Brett Guerin, Northern Region & Strategic Accounts Manager at Pengana, said: “We’re very pleased to have Bruno […]

Progress towards the ground-breaking joint venture between is continuing with the appointment of Anna Shelley as Chief Investment Officer for both funds. Ms Shelley’s appointment follows last week’s announcement that Mr Scott Cameron, the former Chief Executive of Computershare in Australia and New Zealand, would head both funds and be CEO of the joint venture […]

WealthO2 has appointed Graham Hand as a non-executive director to its board. Shannon Bernasconi, co-founder and managing director of WealthO2, said the appointment comes as the WealthO2 platform passes the $1.5 billion mark in funds under administration, reflecting the growing demand for a low cost, unconflicted, adviser platform alternative. “Graham has over 40 years of experience in financial markets […]

The Alphinity Global Equity Fund (the Fund) has been added to BT’s Panorama platform, the fourth platform the Fund has joined in the last eight months. This follows the Fund’s addition to the HUB24, MLC (Wrap and Navigator) and Netwealth platforms earlier in the year. The Fund was also assigned an initial rating of ‘Recommended’ […]

A large lump sum payout from superannuation might sound good to most people, but there are circumstances when it is a serious problem rather than a welcome windfall, says Michael Hutton, wealth management partner at HLB Mann Judd Sydney. In particular, it can be a problem for self-managed superannuation fund trustees and members, which tend […]

Business services provider to financial advisers, Centrepoint Alliance Limited (ASX: CAF) (‘Centrepoint’, the ‘Company’ or the ‘Group’), has announced a turnaround in profit for the financial year ended 30 June 2019 (FY19), and a successful transition to a new revenue model. The company reported a pre-tax profit of $1.2m (compared to FY18 $3.4m loss) and […]